Short Interest in Xilinx Rises By 31.4% (XLNX)
Shares of Xilinx (NASDAQ:XLNX) were the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 6,151,862 shares, a growth of 31.4% from the July 15th total of 4,681,381 shares, ARN reports. Approximately 2.3% of the shares of the company are sold short. Based on an average daily volume of 7,264,185 shares, the short-interest ratio is currently 0.8 days.
In other Xilinx news, Director John L. Doyle unloaded 4,000 shares of Xilinx stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $41.40, for a total value of $165,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on XLNX shares. Analysts at JPMorgan Chase & Co. cut their price target on shares of Xilinx from $52.00 to $47.00 in a research note on Friday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Xilinx in a research note on Friday, July 25th. They now have a $43.00 price target on the stock. Finally, analysts at Argus upgraded shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Thursday, July 24th. They noted that the move was a valuation call. Thirteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Xilinx has an average rating of “Hold” and an average price target of $49.95.
Xilinx (NASDAQ:XLNX) opened at 41.17 on Tuesday. Xilinx has a one year low of $39.12 and a one year high of $55.59. The stock has a 50-day moving average of $45.30 and a 200-day moving average of $48.32. The company has a market cap of $11.053 billion and a price-to-earnings ratio of 18.25.
Xilinx (NASDAQ:XLNX) last released its earnings data on Tuesday, July 22nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $612.60 million for the quarter, compared to the consensus estimate of $631.42 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Xilinx will post $2.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 27th. Shareholders of record on Wednesday, August 6th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.82%. The ex-dividend date is Monday, August 4th.
Xilinx, Inc (NASDAQ:XLNX) designs and develops programmable devices and associated technologies.
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